Xerox Scraps $6.1 Billion Fujifilm Deal in Victory for Icahn

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Xerox Corp. known as off a $6.1 billion takeover by Fujifilm Holdings Corp. and parted methods with its chief govt officer, handing a serious victory to activist traders Carl Icahn and Darwin Deason.

In an settlement with the 2 traders, which collectively personal about 13 p.c of Xerox, the U.S. workplace tools provider said CEO Jeff Jacobson will step down together with a number of different board members. John Visentin is predicted to take over as CEO whereas Keith Cozza, the CEO of Icahn Enterprises, will change into chairman.

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